Wyle has a deal in place to acquire CAS, Inc., currently a division of ITT Corporation (NYSE:ITT).
According to Wyle, “CAS is a premier Huntsville-based provider of systems engineering and technical assistance services primarily to the U.S. Department of Defense. The combined entity will have pro forma 2009 revenues of approximately $1 billion.”
“This is an important addition to Wyle’s business portfolio as we continue to grow the company, ” said George Melton, Wyle chairman, CEO and president. “With the addition of CAS, Wyle will significantly diversify its customer base. The Navy and the Army will now be our largest customers. Additionally, while we have an existing presence in Huntsville, this acquisition will enhance our presence with key customers in this strategic market.”
